Excellent trade EV! I wasn't on that trade. Looking at it, there's confluence of 1.7500 psyche level and MS1-1.7499. It was hit then retraced by 50%. The second time that price attempted to cross the confluence could also have been another entry. ...

Psych Levels, Pivots, and Trendlines - Resurrected

another 76.4% retracement — Closed the previous Long position @ 1.7626. Entered a short after a near 76.4% retracement from the 100% @ 1.7617. M5 shows a yinyang or railroad tracks. And also a retest of the previous swing high. TP @ confluence ...

Psych Levels, Pivots, and Trendlines - Resurrected

76.4% Retracement — Bought cable at 1.7591 after it retraced by 76.4% from the roof of the fib. It showed a shades of day doji or spinning top at M15 and a yinyang at M5. Bought after price crossed the top of the high of the spinning top. TP ...

Psych Levels, Pivots, and Trendlines - Resurrected

.. shorted cable twice in the continuation from 1.7638 down. My target's aren't hit. Had to close with what's left of the profit. Oh well, it's better than to take a loss I guess.

Psych Levels, Pivots, and Trendlines - Resurrected

When in doubt, use a little bit of gut feeling. — Excellent trade EV! Now, that's how a day trader makes his profits run! Had a problem opening FF earlier too. Don't know why.

Psych Levels, Pivots, and Trendlines - Resurrected

Fib and Confluence of Pivot and Psyche Level — Here's another trade. Price retraced 76.4% from point 100%. Showed a doji indecision candle at M15 and a bullish engulfing in M5. Shorted cable at 1.7581 after crossing the low of the doji and ...

Psych Levels, Pivots, and Trendlines - Resurrected

First trade of the day — Bought cable after the break of the triangle and 1 pip above the doji indecision candle. TP was placed and hit 1 pip below 1.7600 psyche level. Price still went up to 123.6% from bottom of fib.

Psych Levels, Pivots, and Trendlines - Resurrected

Symmetrial Triangle — Hi guys! A symmetrical triangle is formed in cable. Can see this from H1 to M5. My bias is down coz the previous trend is down with a 61.8% retracement to the top of the triangle. UK session open and 2AM EST Euro news ...

Psych Levels, Pivots, and Trendlines - Resurrected

No need for ex4 file — Hi Ed, since the .mq4 source code file is already available, you can use it without the compiled .ex4 file. The .mq4 file will be automatically compiled to an .ex4 file by metatrader's built-in compiler. After placing ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed! I agree with EV. Cable and Euro are usually positively correlated. That's why you'll notice that when Euro has a high impact economic data at 2AM EST, it will affect cable as well.

Psych Levels, Pivots, and Trendlines - Resurrected

TL Broken — Price finally broke the descending TL with an ABCD pattern. This downtrend was kind of stiff, but it still went far.

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry, just got back. My sell stop was hit at 1.7634. TP was placed and was hit at psyche level-1.7600. Placed it there coz of the confluence with S1 but price still fell by about 30 points before it made a double bottom.

Psych Levels, Pivots, and Trendlines - Resurrected

Descending Triangle? — Could this be a descending triangle if the descending TL is not broken? Although the ascending TL from the low on Friday is holding prices. Placed a sell stop below.

Psych Levels, Pivots, and Trendlines - Resurrected

Going once, going twice, Sold! — Here's another trade EV. Price crossed below the confluence of MS1-1.7690 and Psyche level-1.7700 once. Then retraced to near 50%. Made a lower swing high. Entered a trade after the low of the last candle that ...

Psych Levels, Pivots, and Trendlines - Resurrected

The gap/jump up that cable made when the market opened today.

Psych Levels, Pivots, and Trendlines - Resurrected

Great explanation EV! .. Why can't all trades be as clear as that.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! Looks like cable as almost closed the gap.

Psych Levels, Pivots, and Trendlines - Resurrected

You know what they say, "the early bird catches the early worm". Kidding aside, i'm living at GMT +8. By the time volatility breaks out, I'm already awake.

Psych Levels, Pivots, and Trendlines - Resurrected

First trade of the week — Hi guys! Here's my first trade of the week. Price retraced to 50% and just below 1.7950 psyche level. Showed a couple of spinning tops and shooting star. Decided to look at shorter TF from my usual M15, coz of the big ...

Psych Levels, Pivots, and Trendlines - Resurrected

Got out before I lost all profit. Edit1: Price is now at 161.8% Extension from the bottom. Let's see if it can break the TL.

Psych Levels, Pivots, and Trendlines - Resurrected